Doji|Gravestone|Dragonfly

CandleStick Patterns can be activated from the Indicators Menu in the Top Bar

Doji #

A doji candle forms when the open and close of a security are essentially equal to each other. The length of both upper and lower shadows may vary, causing the candlestick you are left with to either resemble a cross, an inverted cross, or a plus sign. Doji candles show the playout of buyer-seller indecision in a tug-of-war of sorts. As price moves either above or below the opening level during the session, the close is either at or near the opening level.

Dragonfly Doji – Bullish #

Dragonfly Doji is a pattern that regularly appears at pivotal market moments. This is a specific Doji where both the open and close price are at the high of a given day or are relatively close to it. A dragonfly doji with a longer lower shadow signals a bullish trend.

Gravestone Doji – Bearish #

Gravestone Doji is a bearish candlestick pattern. It is formed when a doji forms at the day’s low point or close to it, with a long upper shadow that signals a bearish trend. When it appears at market top it is considered a reversal signal.